News Column

Switzerland : SWISSCOM introduces TAPIT mobile payments app

July 4, 2014

On 1 July 2014, Tapit will become the first smartphone app on the Swiss market that enables users to make payments, collect loyalty points and open doors in a single, neutral ecosystem. Tapit will primarily allow cashless payments in shops in Switzerland and abroad using Visa credit cards and prepaid cards issued by CornÈrcard, with MasterCard credit cards issued by the Aduno Group/Viseca to follow in the near future.

Tapit is a shared platform for the three mobile providers in Switzerland: Swisscom users will be the first to advantage from Tapit; the service will be available to Orange and Sunrise users at a later point this year.

Although smartphones are widely used in Switzerland, use of mobile phones to make payments or access buildings is still in its infancy. Until now, there has been a lack of compatible mobile phones, participating banks and mobile providers. However, in recent months, there has been a sharp rise in number of compatible smartphones and shop terminals. The time is therefore ripe for a new ecosystem: Tapit. The app depends on collaborations between mobile providers and established firms from the areas of finance and business.

Tapit, developed by Swisscom, is an independent platform for the three mobile providers and, in cooperation with the financial sector, will be enhanced on an ongoing basis. The Tapit smartphone app is similar to a wallet in which you can keep various credit, prepaid and debit cards, loyalty cards and access cards. Tapit therefore represents the Swiss wallet of the future.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: TendersInfo (India)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters